WEST PALM BEACH, FLA. — On June 26, the long-expected agreement to sell Cox Media Group‘s radio station portfolio — as well as its CoxReps and Gamut national advertising businesses — to a new broadcasting company that is substantially owned by private equity funds managed by affiliates of Apollo Global Management came to pass.
Tied to this transfer of majority control is the need to divest two FM stations. RBR+TVBR confirmed that one FM each in Orlando and Tampa is being spun.
We now know who the trustee behind “CXR Radio, LLC,” is.
